Short Interest in Givaudan SA (OTCMKTS:GVDNY) Drops By 53.9%

Givaudan SA (OTCMKTS:GVDNY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 13,500 shares, a drop of 53.9% from the December 15th total of 29,300 shares. Based on an average daily trading volume, of 36,300 shares, the days-to-cover ratio is presently 0.4 days.

Shares of OTCMKTS:GVDNY opened at $93.13 on Friday. Givaudan has a 52 week low of $73.05 and a 52 week high of $105.80. The business has a fifty day simple moving average of $100.31 and a 200-day simple moving average of $97.90.

Several brokerages recently issued reports on GVDNY. Barclays reaffirmed an “underweight” rating on shares of Givaudan in a report on Tuesday, October 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Givaudan in a report on Tuesday, November 30th. UBS Group cut Givaudan from a “buy” rating to a “neutral” rating in a report on Wednesday, December 8th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Givaudan in a research report on Monday, November 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.20.

About Givaudan

Givaudan SA is engaged in the manufacture and distribution of fragrance and flavour products. It operates through the Fragrances and Flavours segments. The Fragrances segment produces and sells fragrances into business units: Fine Fragrances, Consumer Products and, Fragrance and Active Cosmetic Ingredients.

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